Shravan Venkataraman 🔥🚀💰 Profile picture
"System Trader" Threads on - Stories of the top 1% - Useful resources Tweets on interesting stuff in - Finance - Business - Professional Development
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Sep 18 21 tweets 6 min read
Schools teach you 1,000,000 useless things.

But they don't teach you how to protect yourself from financial scams.

Today I am going to teach you about a scam called "Pig Butchering" and how to protect yourself from it.

🧵 👇 1/ Pig Butchering is a form of a financial scam which has a template.

It starts usually with a chat or a call.

It could be on any platform.

What starts as an innocent chat turns into an investment advice.

As the victim is hooked, they are tricked into spending more.
Sep 11 34 tweets 6 min read
Sleep is the most important bio-routine for your body.

The best sleep coaches/consultants charge upwards of $5000 per session for helping you optimise your sleep for better health.

In this thread, you'll learn the 10 most important optimisations for free.

🧵 👇 Before you learn the optimisations, you'll need to learn exactly WHY they should be done.

For that, you should first understand the basic mechanics of sleep and what happens behind the scenes.
Aug 27 14 tweets 5 min read
Hedge Funds spend millions of dollars per year to access high quality financial datasets.

Retail sources cost anywhere from $5k-50k per year.

But, here are 11 data sources that have HIGH QUALITY and FREE data you can access right away.

🧵 👇 1/ Alpha Vantage | alphavantage.co

Provides real time & historical equities, forex, and cryptocurrencies data across 60+ exchanges.

They provide both intraday and D/W/M timeframe data.

You can also access economic & fundamental data for last 20 years through them.
Aug 21 11 tweets 4 min read
Was talking to an algo trader who's managing close to $10M in his family office, as a systematic trading fund.

He mentioned getting a lot of ideas to test from reddit.

Here are 7 underrated sub-reddits that will help you in building an algo-trading business.

🧵 👇 1) r/algotrading (1.5m members)

reddit.com/r/algotrading

Their wiki section is probably the best content you can find on the web on all the useful resources to become an algo trader.
Aug 14 23 tweets 7 min read
A Bloomberg subscription costs $24,000 per year.

But you can get nearly 85% of its features for free.

It's through an app called Open Bloomberg (aka OpenBB)

Here's how:

🧵 1/ Go to OpenBB website here:

OpenBB Terminal | OpenBB openbb.co/products/termi…

Download the installer relevant to your system's OS.
Aug 12 56 tweets 9 min read
In 2011, a blackjack player made $20 million over 4 months,

and ended up bringing some of the topmost casinos to their knees.

Here's the crazy story of how he pulled it off.

🧵 Don Johnson grew up taking care of his uncle’s racehorses in Salem, Oregon.

After taking interest in them, he began riding them competitively at age 15.

He then became a professional jockey.
Aug 5 39 tweets 6 min read
A trader started with $200M and turned it to nearly $30B over a period of 8 years.

Then, he lost it all in three days.

Here's the crazy story of what happened.

🧵 Bill Hwang was a “Tiger cub,” an alumnus of Tiger Management, the hedge fund powerhouse that Julian Robertson founded.

In 1996, after stints as a salesman at two securities firms, Bill Hwang landed an analyst’s job at Tiger Management.
Jul 29 21 tweets 3 min read
How do Hedge Fund traders do their research?

How do they pick specific securities/assets to invest in?

A thread. 👇 🧵 1/ This is shared by someone who works for a $1B+ global macro hedge fund.

The said fund focuses on FX and Interest Rate derivatives.
Jul 28 53 tweets 9 min read
An insurance agent in US made $46 million dollars legally exploiting a loophole in the terms & conditions of an insurance scheme.

And he was sentenced to 7 years in prison for it.

This is the crazy story on how it unraveled.

🧵 1/ Joseph Caramadre

- an Italian kid from Providence, Rhode Island
- grew up modestly
- became a certified public accountant
- and then put himself through night school to get a law degree.
Jul 26 13 tweets 3 min read
3 most important keys to greater wealth from investing.

🧵

cc:@visualizevalue The three keys are:

- Philosophy
- Strategy
- Discipline

The best investment returns are achieved by those who

- identify a sound investment philosophy
- create a workable strategy around that philosophy
- follows the strategy diligently with discipline
Jul 25 12 tweets 4 min read
Warren Buffett is who comes to mind when we talk about "Value Investing".

But, there's one guy almost similarly revered in Value Investing circles.

That's Seth Klarman.

In a CFA institute annual conference, he listed his favorite book recommendations.

Here are those books: 🧵 1/ Benjamin Graham's The Intelligent Investor

Klarman is a fundamental investor.

Graham's book is the bible for value investors.

So, this one is not a surprise.
Jul 24 34 tweets 7 min read
Between 2011-2012 JP Morgan lost $6 Billion dollars on a single trade.

That trade was a mistake of epic proportions.

One hedge fund manager exploited that mistake and made a killing!

Time for a story.

🧵 1/ Boaz Weinstein grew up on the Upper east side of Manhattan, with a relatively modest upbringing.

When he was a high schooler, he entered a competition to see who could pick the best stocks.

He won by selecting a group of the fastest-growing stocks he found from newspaper.
Jul 21 39 tweets 7 min read
On April 20 2020, a guy called Cuddles and eight of his pals from London, rode oil’s crash and made a $660 million profit.

Here's the insanely mindblowing 🤯 story, how it unfolded.

🧵 Before we dive into the story, there are few things you need to know, to understand the story.

1/ WTI - West Texas Intermediate

This is the grade of Crude Oil that's traded in the US.

2/ Futures - a derivative contract in the financial markets.
Jul 19 17 tweets 3 min read
The most under-spoken and under-rated aspect of trading: Preparation.

How to prepare for your trading like Dhoni prepares for matches:

🧵 First of all, let’s look at WHY preparation is important.

1/ Let's say Dhoni plays a series.

It's the first match.

Does he come to the stadium on the day of the match, just as the match starts, and pads up to keep wickets?

No.

What does he do?
Jul 18 11 tweets 2 min read
In the last decade, British cycling team became a force to reckon with.

They broke records, won prizes, dominated world and Olympic competitions.

Their success wasn't random.

It wasn't luck.

Here are 4 insights from their story that will help you as a trader.

🧵 Dave Brailsford was the coach of British cycling team.

He set and drove a culture specific about two things.

- Drive for excellence
- Desire for peak performance

He established a certain standard for the team members, and this is what they did.
Jul 17 27 tweets 5 min read
A market wizard named Bruce Kovner

- started with $15k in the late 1970's
- made over $300M in 1987 alone
- eventually became a multi-billionaire fund manager

Here are 22 most important insights from his trading experience spanning over 40+ years. 1/ The importance of not losing your rationality:

As a trader, there are times where greed and fear can blind us.

It leads to sometimes losing our rationality.

It's not only rationality we lose though.

Many traders lose years of hard work and capital on a single trade.
Jul 3 4 tweets 2 min read
The registrations for Python Backtesting & Automation course next batch is open.

The course details are here -> alternativehypothesis.github.io/PythonBacktest…

The video introduction to the course (must watch - sets the expectations from the course) is here -> The registration deadline is July 15, 2022.

Course starts from July last week. Exact dates will be announced once the registration is closed.

Everything related to the broader curriculum, FAQs, payment related specifics are all in the course page.
Jun 29 9 tweets 2 min read
If you make money with a specific method, hopping style because momentarily your style is not working in current market

will keep you chasing tails and making the same mistakes over and over again.

If your style is not working, downsize.

Don't hop styles. For ex:

If you're the kind of trader who has a 60%+ win rate, with 1.5+ RR,

and you set generous (appropriate stops) and take positions with fewer lots, but cover a big move

it's not going to work in every market.
Jun 15 4 tweets 1 min read
Few charts you should look into, on #BTC

🧵 Monthly Chart.
Jun 14 4 tweets 1 min read
The first and most important step in trading:

When you put on a trade, ask yourself:

"If my stop hits in this trade, would I feel very very bad?

If for some reason, I am not able to exit this trade, and I lose more than anticipated, would that set me back by a lot?" If the answer to both is yes, and if a loss in a trade if your stop hits will affect you a lot, then you shouldn't be putting on that trade.

Either your sizing is wrong.

Or your trade itself is wrong.
Jun 14 15 tweets 3 min read
Read this if you want to know the important factors to identify and choose a trading strategy?

🧵 1/ Your preferred working hours:

Do you want to be in front of screen all day during the trading hours? Try ideas around intraday timeframes.

Do you want to work only 1-2 hour every day? Try ideas around 1H-4H timeframes.

Do you want to work 5-10 hours per month? Try daily TF.